USD/JPY Discussion

I got out….bloody blood bath all over. Need to do some good trades to recover

Gidday Mit

My YEN bus is a tad over loaded

Will be happy to get rid off these lemons

before they into lemonade.

Thing is we will get plenty more these random dumps

You would be almost safer to do pending shorts above this pile off shit

An forget the longs

L o n g ......

Risk -10 pips

i think your target might be 20-30pips

following the 15min trend down, shorting at 108.80...

Looking at +100 pips IF that level holds .........

back to life or what?

unemployment claims coming in good should support the bulls coming back into life, lets see... im still holding on

also draghis press conference

Yea i am still holding my position as well. Lets GO BULLS!

Gidday Grasshoppers

Chugging through a forest of longs

Still if this turd an get through this this lot

I will hang on to some to 111+ etc

Not to be too doomy and gloomy, here is a possibility; and personally I hope I'm wrong, but bear this in mind.

The last time we saw a big lift on UJ, November - December 2013, it was from about 98 to about 102, peaking around 105.50.
Recently we saw an other lift from around 102 to 110, and a lot of us are thinking there might be a retrace.
So we might get a flag in the current region 108.50 to 110; ...or we might get a retrace to settle above 106.50 for a while.

http://www.zerohedge.com/news/2014-1...s-3-most-march

quoted from this article

"In the meantime, someone in Japan finally read Zero Hedge articles from early 2013 which were warning about precisely the kind of hyperstagflation that Japan is currently experiencing. That someone happens to be the former finance minister Hirohisa Fujii who in an interview yesterday, said that further falls in the yen may lead to market intervention.
You read that correct: not yen increases, falls! Which, coming just as the USDJPY touched 110 before plunging nearly 150 pips overnight, appears to have been heard loud and clear.
Some of his other comments, which repeat everything we have said from Abenomics' Day1:

1. BOJ’s policy of monetary easing leading to weak yen is mistaken
2. Weaker yen hurts general public through high prices for imported food and fuel
3. Delaying sales-tax rise would lead to a collapse in JGB market, rise in interest rates

Ironic how all these people wait until they are "former" this and that before telling the truth.
Perhaps it was these comments that forced Sumitomo Mitsui to admit that the USD/JPY is entering a correction phase this month, says Shinji Kureda, head of FX trading, and as a result it could decline to 108.26, the low on Sept. 23 and possibly even 107.39, the high on September. Or far, far lower once the failure of Abenomics is finally filtered through the skulls of the fat fingering momos that make up the Japanese market.
And since the Nikkei stock market is nothing but a derivative of the Yen, what happened overnight puts the CNBC article above in a further amusing light because as of a few hours ago the Nikkei closed, plunging by more than 420 points, or down 2.6%, the biggest drop in months, with the Topix crashing as much as 3%, the most since March 14, on volume that was 26% above the average, and wiping out all of September's gains in one session."

"market intervention" lol
this weekly close could determine alot for dropping further, (friday is big too)

110.00 is big level historically .........

But things were not the same 5 yrs ago from today ........

My trade idea for UJ

I should point out that the overall outlook here is very bullish after a retrace... I fully expect to see UJ at 115 in a few weeks...

with that said, I have a sell limit order in place already...

Hourly


just my 2 cents

wow, u think it will retrace down to 107?? then im gonna die T.T

longing for good...now, probably holding till tmr nite's NFP...

A lot of USDYEN is being sold by leverage name reducing Long ahead of the 2 big events.

thats to get stop loss of all buyers then it will bounce up

So it's seems.

Could well be. liquidity not so great

Indeed!!